The Transylvania Times -

Colonial Pays $4.4 Million To Pipeline Hackers

 

Last updated 5/19/2021 at 3:19pm



The operator of the nation’s largest fuel pipeline confirmed it paid $4.4 million to a gang of hackers who broke into its computer systems, according to a report Wednesday from The Wall Street Journal.

Colonial Pipeline’s CEO, Joseph Blount, told the Journal he authorized the payment after the May 7 ransomware attack because the company didn't know the extent of the damage and wasn't sure how long it would take to bring the pipeline's systems back.

The FBI discourages making ransom payments to ransomware attackers, because paying encourages criminal networks around the globe who have...



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